EquipmentShare: What It Does, Who Runs It, Funding and News

EquipmentShare is a construction equipment rental company with its own technology platform, headquartered in Columbia, Missouri. Its 2025 annual report counts 385 operating locations in 45 US states and 8,206 employees on December 31, 2025. Its Class A shares have traded on Nasdaq under the symbol EQPT since its January 2026 initial public offering.

The company went through Y Combinator in Winter 2015, and YC's company page still describes it in one line as cloud solutions for the construction industry. Today most of its revenue comes from renting equipment. This page sets out EquipmentShare's basic facts, its products, its executives and controlling shareholders, the private rounds before its listing, and the company's filings and releases since 2025.

EquipmentShare key facts

Sources differ on two points. YC's page gives 2014 as the founding year and a team size of 5,400, while the company's own filings say it was founded in 2015 and employed 8,206 people as 2025 closed. YC's page also lists Brad Siegler and Jeff Lowe as founders, and a 2023 Startland News report named them and Matthew McDonald as co-founders alongside Jabbok and Willy Schlacks. The prospectus and proxy statement call Jabbok and Willy Schlacks the founders.

What EquipmentShare does

EquipmentShare rents construction equipment to local, regional and national contractors and runs that business on software it builds itself. The 10-K describes a vertically integrated platform and lists these main activities:

• Equipment rental. Machines the company owns, plus machines enrolled in its OWN Program. Its website groups rentals into core equipment such as aerial lifts, earthmoving and forklifts, advanced solutions such as power, climate control and compressed air, and tools.
• OWN Program. Third-party investors buy equipment that EquipmentShare rents out and manages, sharing the rental revenue. At September 30, 2025, OWN equipment made up 52% of the rental fleet by original equipment cost, with about 1,300 participants, per the prospectus.
• T3. A cloud-based platform that works across equipment makers and combines telematics hardware, software and real-time data to manage fleets and jobsites. EquipmentShare sells T3 as a subscription.
• Sales and service. New and used equipment, parts, supplies and repairs, and 24 building materials and hardware stores as of December 31, 2025.

The prospectus says EquipmentShare rents to over 80% of active megaprojects within its serviceable footprint and has an in-house technology team of over 300 engineers. In 2025 its Rental Segment revenue rose 34% to $2,724 million, according to the full-year release.

Who runs EquipmentShare

Jabbok Schlacks has been CEO since 2015, and Willy Schlacks has been President since 2015 and chairs the board, as the 2026 proxy statement filed on April 21, 2026 shows. Both have been directors since January 2015. The proxy lists these executive officers:

In June 2026 the board changed after the IPO. Damian Giangiacomo, managing partner and co-founder of Nexus Capital Management, and Harley Miller, founder and CEO of Left Lane Capital, joined on June 8, 2026, while Henry Yeagley and John Weinstein stepped down, per the company's announcement.

Who owns EquipmentShare

EquipmentShare is a public company controlled by its two founders. It has two classes of common stock: Class A shares carry one vote each and Class B shares carry twenty. As of the record date for its 2026 annual meeting, Jabbok and Willy Schlacks together held about 87.8% of the total voting power and had agreed to vote together, which makes EquipmentShare a "controlled company" under Nasdaq rules, per the proxy statement.

EquipmentShare funding and IPO

Before going public, EquipmentShare raised venture money in several rounds. By April 2023 it had taken in close to $700 million in equity, Startland News reported. The table lists the recent rounds with published amounts and leads, and the IPO.

At $24.50 a share the IPO raised about $747 million, Renaissance Capital reported on January 23, 2026; the prospectus puts the company's proceeds, after underwriting discounts and before other expenses, at about $706.2 million. The proxy statement dates the IPO to January 26, 2026.

EquipmentShare news, 2025 to 2026

• January 2026: EquipmentShare went public on Nasdaq at $24.50 a share (prospectus).
• March 18, 2026: EquipmentShare reported 2025 total revenue of $4,379 million, up 16%, and net income of $40 million, compared with $3 million in 2024 (release).
• June 8, 2026: Two new directors joined the board and two left (release).
• June 16 to July 1, 2026: EquipmentShare launched a $1,050 million offering of senior secured second lien notes due 2034, mainly to repay borrowings under its asset-based revolving credit facility (release). The two filings give different amounts: the indenture signed on July 1, 2026 covers $1,350 million of 7.125% notes due July 1, 2034 (8-K).
• August 12, 2026: Second-quarter revenue rose 26% to $1,449 million, Rental Segment revenue rose 39% to $908 million and net income was $19 million. The company opened 23 locations in the quarter, reaching 430 (release).
• October 19, 2026: EquipmentShare raised its 2026 outlook for total revenue to $5,808 million to $6,045 million, from $5,254 million to $5,682 million (release).